For Sale
$5,495,000

2328 4Th St Tuscaloosa, AL 35401

Historic Downtown Restaurant & Office

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional four-story, 21,000 square foot mixed-use building in Tuscaloosa, Alabama's central business district, presents a rare investment opportunity. Originally constructed in 1945 and meticulously renovated in 2013, the property boasts a 6.30% cap rate and is currently 95% occupied. The lower two floors offer street-level access to a thriving bar/event space and a well-established steakhouse. The top floor comprises ten executive office suites, currently 50% occupied, each with elevator access. Significant upgrades include a new single-ply EPDM roof (2013) with a 20-year warranty, and a new HVAC system (2013) for the lower three floors, supplemented by mini-splits on the fourth floor. Located at 2328 4th St, Tuscaloosa, AL 35401, this historic building offers a blend of established income streams and potential for future growth, making it an attractive investment in a vibrant downtown location. The asking price is $5,495,000, translating to $261.67 per square foot. This is a prime opportunity to acquire a high-performing asset in a desirable market. Don't miss this chance to own a piece of Tuscaloosa's history and future.

Highlights

  • $5,495,000 asking price for a mixed-use property.
  • 21,000 square feet, with a price per square foot of $261.67.
  • 6.30% cap rate and 95% occupancy.
  • Four-story building, originally built in 1945 and renovated in 2013.
  • Located at 2328 4th St, Tuscaloosa, AL 35401.

Property Details for 2328 4Th St

Property type
Retail properties, Restaurants
Square Feet
21,000 SF
Year Built/Renovated
1945/2013
Stories
4

Location Insight

City
Tuscaloosa
County
Tuscaloosa
State
Alabama
Latitude
33.1690726
Longitude
-87.6383797

FAQs

What type of property is this?
Retail property - Historic Downtown Restaurant & Office
Where is the retail property located?
The property is located at 2328 4Th St Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $5,495,000.
What are key features of this property?
This property features: $5,495,000 asking price for a mixed-use property.; 21,000 square feet, with a price per square foot of $261.67.; 6.30% cap rate and 95% occupancy.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2328 4Th St
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